BoE: Brits need to accept they are now poorer

[TheDawn]

The consequences of leaving the EU are clear, that country will belong to the third-party countries list and agreements/conditions will apply accordingly.

In Europe we don't blame the UK for leaving the EU, we don't care. Simple as that. Brexit and all that drama around its politics is a story in the UK, in my country we simply don`t care. As an example: they show us in the news that you guys are arguing for Northern Ireland once again, and we can't care less.

If there is any group that is inducing fear into you guys, because of Brexit, that is your own establishment, the one that didn't want to leave Europe in the first place. Your newspapers are the ones that talk about it, your politicians are constantly blaming Europe for their incompetence to solve issues. Europe is a perfect target for everything after Brexit came along. Look at what Nigel Farage did in the European parliament, he spent his days blaming Europe for everything, up to a point that when the UK left he had no one to blame and had to leave as well, his discourse was too obvious. His business was to set the British people against Europe.

The UK expected to have the same conditions as when they were inside the EU, and that is simply not possible. The EU did not want to punish any country, that is not what they do, quite the opposite, they are looking for more joiners every year. Just look at the number of countries that have joined the EU since its creation, it only grows.

Being on a certain list or off a list means nothing. Everything is negotiable. The point is EU didn't want to negotiate with UK and instead just showed Britain to the door. That was what happened. I followed the Brexit process quite closely. It was a shame that they didn't send a tough negotiator and only sent a patsy Theresa May who came back with nothing but more demands from EU for UK to comply.

So now UK needs to look at what it has and has not and figure out how to best manage its country and the economy just like a divorced wife that's been kicked to the curb with nothing by a controlling ex and now has to pick herself up and rebuild her life with what she has. And just like a divorced wife, at least UK's got her sovereignty and independence back and that is more than anything in the world.

 

[TheDawn]

Globalization was a curse, is a curse, and will continue to be a curse.

Globalization is not a curse but you have to be very strategic in using it to ensure that it benefits you.

 

[TheDawn]

The EU did not want to punish any country, that is not what they do, quite the opposite, they are looking for more joiners every year. Just look at the number of countries that have joined the EU since its creation, it only grows.

EU wants more "joiners"? LOL After what everybody saw what EU did to UK, I don't think anybody would want to join EU just like when all women saw what the ex did to the divorced wife, nobody would want to marry that ex-husband anymore. Nobody wants to join something that they cannot get out of, without reasonable recourse. Countries joined EU at its creation yes, thinking it's a good deal and not knowing or not thinking more carefully of what EU really is and what entails just like that divorced wife first married the ex thinking she's found a good life-partner not knowing his true nature. Now after Brexit, I don't think any new countries have joined EU.

 

[Drawdown Addict]

I don't think anybody would want to join EU just like when all women saw what the ex did to the divorced wife, nobody would want to marry that ex-husband anymore.

I don't get the abusive relationship drama at all, in case you want to look for another analogy to express your point.

Nobody wants to join something that they cannot get out of, without reasonable recourse.

The UK got out, that is an example of a country that got in and out. Other countries can follow the same process as if they want to leave they will probably face the same deal.

Now after Brexit, I don't think any new countries have joined EU

The process of joining the EU takes years to complete, sometimes even 10 years and Brexit happened recently.

Just for information these are the countries that are aiming to join the EU:
https://www.bbc.com/news/world-europe-11283616
Croatia already became a member

 

[Drawdown Addict]

Now after Brexit, I don't think any new countries have joined EU.

https://european-union.europa.eu/principles-countries-history/country-profiles/croatia_en

https://www.aljazeera.com/program/i...t-for-the-eu-after-croatia-joins-the-eurozone

 

[TheDawn]

I don't get the abusive relationship drama at all, in case you want to look for another analogy to express your point.

Breaking EU regulations and unilaterally imposing them on Britain to follow unconditionally. Deciding on laws and then forcing them upon Britain leaving it no choice but to follow. That to me is pretty abusive. Yes you can argue that's the nature of the EU agreement; that's just how things are done in EU and if UK doesn't like it then it can leave. Well that's what UK did. It left. LOL

The UK got out, that is an example of a country that got in and out. Other countries can follow the same process as if they want to leave they will probably face the same deal.

Yes "consequences" faced by Britain for leaving EU has been very well demonstrated thanks to the outstanding negotiation skill of EU upon Brexit. Yes everybody can see that.

The process of joining the EU takes years to complete, sometimes even 10 years and Brexit happened recently.

Just for information these are the countries that are aiming to join the EU:
https://www.bbc.com/news/world-europe-11283616
Croatia already became a member

Hope those countries can make good use of these 10 years to think about what they would be getting into before they sign on the dotted line.

 

[volpri]

Globalization is a basket of rotten eggs. It stinks and is the undoing of many countries and their economies. The end results are horrific. While it may appear that there is some initial good it ends up a very destructive force.

 

[TheDawn]

https://european-union.europa.eu/principles-countries-history/country-profiles/croatia_en

https://www.aljazeera.com/program/i...t-for-the-eu-after-croatia-joins-the-eurozone

Hope those countries can make good use of these 10 years to think about what they would be getting into before they sign on the dotted line.

Obviously not. Well good luck to them.

 

[murray t turtle]

Well this thread is about Britain not North America. House prices here in the UK went up 6x since 1997. And Gold went up 6x. And stocks went up 4x (was 5x at the high but have pulled back recently).

UK CPI has been just 85% since 1997, even when including the high inflation of the last 18 months.

It is a psychological thing, you pay your bills every month and notice the increase. But with stocks instead of 1000 share you can only buy 200 and you don't notice that your money has devalued because stock splits trick you and hide the inflation as well.

%%
NO wonder;
Pension Finance\ United Kingdom book by David Blake pushes bonds >stocks \LOL
Good book any way/ he's a consultant to JPM, UBS.
US/SPY benchmark doing much better than gold almost always/ long term/ most terms..........................................................................
The heavy handed gent\
who went amuck in Kent. W Zevon/ WereWolves of London song /RINO Records
I got about as much from that song as RINO Sucecss book, recommended by Dave Ramsey

 

[earth_imperator]

Soon we will see (again) revolts and street fights in Little Britain

https://www.statista.com/topics/3809/poverty-in-the-uk/
"
Poverty in the UK - Statistics & Facts
Despite being one of the most developed countries in the world, the United Kingdom struggles with a fairly significant degree of poverty. As of 2020, around 11.7 million people in the UK were living in relative poverty, with that number increasing to almost 14.5 million when housing costs are considered. [...]
"